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it's hard to learn self-taught, and get friends who want to teach everything transparently. I suggest looking for a telegram channel that provides technical education about trading charts and ways to start trading. on average it is not free, but the services provided are very satisfying. I'm not talking about signal / pump and dump groups because there are still channels that teach basic trading that focuses on periodic guidance classes.
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bitcoin doesn't move suddenly, at least volatility can be seen by monitoring the Stoch RSI and Fibonacci. there are a number of movements that can be analyzed whether failing to meet resistance, or the possibility of variables that cause them to go down quickly, accustomed traders will be able to quickly position steps to convert assets when failing to break the resistance line and bounce down.
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the basic function of stop loss is to keep your profits awake and not go down too much, but also to reduce worries when not online. Indeed, the painful thing is when prices touch stop loss and then reverse direction as quickly as possible. To anticipate this, we also need to pay attention to the daily trend, if it is still in the same range, we don't need to do it.
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as traders we must have the confidence and courage to do all transactions in crypto trading, because if not, we will have difficulty getting maximum results. even if we have a fearful nature when trading crypto we can lose money because of the fear of a FUD or something. confidence must be applied wherever we are in the crypto trade or other trades.
self-confidence is a reflection of assertiveness in decision making. fear will be a kind of bad effect that will drain more ways of thinking, the market continues to move in a high routine. But there are several hypotheses about excessive confidence in which traders do not set sl and left to float, if their analysis is not the same as the trend that ultimately differs then it will definitely fail and need a review by experiencing a number of losses. |
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Local exchanges(1) are still important because the transaction process can be linked to a bank account with steps that are easy to understand. Kucoin(2) & binance(3) are also still favorites like the average comments here. For derivative trading, new traders can try deribit(+) that offer a simpler platform, and for DEX, can start from BinanceDex(+).
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As of now Im preferably holding some altcoins, And I choose only those altcoins that have potential to get us a profit on when the time of them to rise the price. Because I found out also that have some altcoins going to high the price just like on what Im experience in the past year Ill have two different altcoins only and the percentage on it has come to %100-%200 but it was long time past we hope it happen again.
Holding bitcoin are the best move also if we want to hold them for so long actually bitcoin is one of the most trusted coins in crypto.
almost all altcoins experience the same percentage when altseason appears, all will return when bitcoin is confirmed bullrun even though it's still speculative, or the price won't be better than this year. right now bitcoin is going down very rough and not very profitable for altcoin, i started choosing btc margins as an option because the spot market is making more of my assets floating. |
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Although the coins traded are not as much hitbtc, they are more accurate with potential coins and good trading volume. The last time I made a withdrawal on hitbtc, they required kyc, I was not comfortable with it, the hitbtc transaction fee was also higher than the others. For orders that appear to be full of trading bots still relative to both, hitbtc is only an exchange that looks outdated compared to its competitors.
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the bitter experience of arbitration is when I buy it cheap on exchange A then I want to sell it on exchange B, but unfortunately I lose money when I make a deposit but it doesn't come to my account, because the smart contract tokens are not the same, I don't see their project being doing a swap, I ended up losing my money on the B exchange because of a different smart contract, not big so I just let the money disappear, hopefully this will be my lesson
Now, arbitrage bots can read smart contracts, I read some reviews even though I haven't used them. I arbitrate manually, but in my opinion capital should also be above average, so fees are not a problem. Popular coins in large exchanges have made swap adjustments, there is an option to choose a chain when confirming withdrawal, so no need to worry. arbitrage and normal trading are still focused on quantity, the difference in profit is not so large if monitored further. |
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Personal logic must be one-way with market logic. every time we close a position with a profit target, we often automatically make a new order, if it is like this, the amount of loss will be more than the profit. each record must return to initial management so that each improvisation does not become a boomerang. It is better to cancel all failed and floating orders, and restart the original plan to prevent greater losses.
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Because they know what exactly they doing and having a lot of money to either manipulate the market is their advantage over to small players/investors. Though we think that is really bad but we can't blame them cause that's the way they are. If we don't want to become their prey, please don't get tempted to buy coins at hypes cause that is their plays.
what about btc, do you still buy it even though you know this coin is still the purpose of their manipulation? Margin is the most attractive option for large investors and bitmex is one of their favorite exchanges, we can choose other options such as margin in Binance, there is a slower price reaction gap there. the whale will still move freely, and always have an influence on prices. |
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usdt pair only for when btc falls, i mean sell btc for asset protection measures. and use btc pairs with altcoin when back in sideway mode. trading with btc is much faster than tether because it only takes a few satoshi to see the percent ratio, often I do because I'm comfortable doing this, sometimes also try with pax etc.
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do more trading activities at home, several times also in the office, no problem because there is always free time after completing presentations, bring my own netbook so that it does not interfere with the main work, friends with higher positions and have their own room also do it, but professionalism still must be awake.
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Hollywood launched a film called "Crypto" this year with Kurt Russell and Luke Hemsworth as the main roles, we are quite familiar with their big names. But in general, still using conspiracy plots of crime which still tends to visualize misconceptions with crypto itself, if many large films position crypto only as a negative tool then it makes no difference to fud in my opinion. so far only documentaries have made the opposite and tend to be softer.
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depending on the conditions, if bitcoin fails many times in trying resistance, then I have to prepare a buy position at the bottom three support lines. Halving is something to look forward to, and I have to accumulate it as effectively as possible. will very often monitor the market oversell limit, and start turning a blind eye when making a gradual purchase if it enters a super reversal trend, I will not give up.
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for coins that are already comfortable in large exchanges, not too tight to read whitepapers, etc., only need to see what updates they are issuing and monitor big plans from the main roadmap. Most of what I observed is based only on candle charts and daily volume, and also follows the analysis of the top traders in the tradingview.
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certainly it will always happen in my opinion, I read from another article stating that the hacked foundation's wallet does not fully comply with the organization's SOP and is somewhat spared from audit monitoring, the investigation still leads to internal technical errors. they claim a loss of around 4.6% only from their wallets, and no more than 2% of the total overall supply. This case is a little different from the eth address hacked from an upbit exchange a week ago. |
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I think it all boils down to the wrong mindset, if someone makes money off trading or other activities that can be done online, they tend to hype it so much when telling it to their friends or even when bragging to strangers, it makes people get the wrong impression, they start thinking that the internet is a big place where money can be gotten quite easily with little investment, the sad fact is that these people would never mention the risks involved especially when they have something to gain from it like referral bonuses, this breeds a group of investors who doesn't have a single idea about what they are getting themselves into, they just believe what they are told and throw in their money, hoping to multiply it overnight.
To whom they communicate is also an important factor, most of them do not have time to learn, and only rely on trust. More people think of instant profit due to need factors than people with excess money who just want to try, they are almost the same and prefer to try randomly even though they already understand the consequences, almost no different from gamblers, even worse. |
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actually the hype has started to fall since the first time bitcoin fell after the highest increase at the end of 2017. everyone almost does not believe that bitcoin can fall by more than half the price and I think it is natural that the hype to crypto is reduced and will even begin to end if in years 2020, the crypto market will not improve.
the hype of the entire crypto ecosystem will always appear when the Btc bullrun movement is confirmed. It did appear in 2017, one year after Halving. after that there was a lot of panic because bitcoin did not make any significant positive steps. This also affects the tastes of altcoin investors, the quality of ico is also not able to lift the hype anymore because the market is back in the mainstream. It will likely return to the same road two years from now, but with something that has legality as an intermediary. |
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In my opinion KYC does not provide benefits for crypto people, usually exchanges or some airdrops that implement KYC.
Therefore many people avoid KYC, so prefer exchanges that do not enforce KYC. And also do not follow airdrops asking
for KYC. Many crypto people avoid KYC because they fear that their data will be misused. KYC is actually already out of
the original purpose of the creation of cryptocurrency namely decentralization.
KYC for the exchange market to facilitate each user who has problems with balances, for example if you have 1 BTC in exchange of a wallet and suddenly your account is hacked and try to make a suspicious transaction, then your account will be temporarily quarantined until you upload the same important data when you did it before, this is important in authentic security measures. At present decentralization does not apply and changes many principles of initial creation in markets other than DEX. |
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Bitcoin dominance continues to rise because many enter the bitcoin market and sell their altcoins. Why dominance does not go down, because many people are waiting for halving bitcoin. Halving bitcoin will make the price of bitcoin go up.
although now in the accumulative phase, it was not always for Halving's reasons. I monitored since baakt began to run, derivative trading activity increased. In recent months there has been a large number of margin and futures activities between Btc and usdt. There has been a shift in interest periodically and caused a reduction in altcoin volume on the spot market. |
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